https://www.taxtmi.com/caselaws?id=309994 Refund under the VSV Act was held to be a debt owed by the revenue, and absence of any statutory bar permits interest on delayed refunds; consequently the petitioner is entitled to interest for delay. The court applied the principle that retention of public money without right attracts an obligation to repay with interest and rejected departmental technical delay as a defence. The duplicate PAN objection had been resolved earlier and the required noobjection affidavit was timely furnished, so no delay arose from heirs. The revenue was directed to pay simple interest at 5% per annum from the date falling after ninety days from determination until payment, payable within eight weeks. en-us Tue, 23 Aug 2022 00:00:00 +0530 Wed, 04 Feb 2026 18:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309994 Refund under the VSV Act was held to be a debt owed by the revenue, and absence of any statutory bar permits interest on delayed refunds; consequently the petitioner is entitled to interest for delay. The court applied the principle that retention of public money without right attracts an obligation to repay with interest and rejected departmental technical delay as a defence. The duplicate PAN objection had been resolved earlier and the required noobjection affidavit was timely furnished, so no delay arose from heirs. The revenue was directed to pay simple interest at 5% per annum from the date falling after ninety days from determination until payment, payable within eight weeks. Case-Laws Income Tax Tue, 23 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309994